Tagged : builder confidence

Found 4 blog entries tagged as "builder confidence".


marketwatch.com - Home builders are as confident as ever — nearly eight years to be more precise. Whether that will translate into actual construction remains to be seen.

The National Association of Home Builders/Wells Fargo housing market index rose 3 points to 59, marking the fourth rise in a row. Economists polled by MarketWatch had expected a 55 reading. July’s level was downwardly revised by a point to 56.

Any reading above 50 is considered “good.”

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bloomberg.com - Confidence among U.S. homebuilders held in January at the highest level in more than six years, offering the latest evidence that residential real estate will help spur economic growth.

The National Association of Home Builders/Wells Fargo index of builder confidence was 47, matching December’s reading as the highest since April 2006, the Washington-based group reported today. The median forecast of 50 economists projected a reading of 48.

 

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WASHINGTON (AP) — A measure of U.S. home prices jumped 4.6 percent in August compared with a year ago, the largest year-over-year increase in more than six years.

CoreLogic, a private real estate data provider, also said Tuesday that prices rose 0.3 percent in August from July, the sixth straight monthly gain.

Steady price increases, combined with greater home sales and rising builder confidence, suggest the housing recovery may be sustainable.

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Homebuilders grew more confident in June with buyers taking advantage of low interest rates and affordable prices, the National Association of Home Builders said Monday.

The index component measuring current sales conditions grew two points to a score of 32 in June, its highest level since April of 2007.

Meanwhile, the association's index measuring builder confidence reached its highest level in four years during the month of June.

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